Premier Energies Ltd - Prospectus Synopsis

Premier Energies Ltd

Registered Office : Plot # 8/B/1 & 8/B/2 E City , Maheshwaram(M) Raviryala(V)K.V , Rangareddy - 501359 , Telangana , India.

Phone : +91 90 3099 4222  Fax :

Email :investors@premierenergies.com    Website : www.premierenergies.com

Initial public offering of 62,909,200*# equity shares of face value of Re. 1 each (Equity Shares) of Premier Energies Limited (The Company or the Issuer) for cash at a price of Rs. 450 per equity share (the Offer Price) aggregating to Rs. 2830.40*# crores (the Offer) comprising a fresh issue of 28,709,200*# equity shares of face value of Re. 1 each by the company aggregating to Rs. 1291.40 crores*# (the Fresh Issue) and an offer for sale of 34,200,000* equity shares of face value of Re. 1 each (the Offered Shares) aggregating to Rs. 1539.00 crores (the Offer for Sale), comprising 26,827,200 equity shares of face value of Re. 1 each aggregating to Rs. 1207.22 crores by south asia growth fund ii holdings llc, 172,800 equity shares of face value of Re. 1 each aggregating to Rs. 7.78 crores by south asia ebt trust (together, the Investor Selling Shareholders) and 7,200,000 equity shares of face value of Re. 1 each aggregating to Rs. 324.00 crores by Chiranjeev Singh Saluja (the Promoter Selling Shareholder, and together with the investor selling shareholders, the Selling Shareholders). The offer included a reservation of 233,644* equity shares of face value of Re. 1 each, aggregating to Rs. 10.00 crores*# (constituting 0.05% of the post-offer paid-up equity share capital, for subscription by eligible employees (Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer constitutes 13.96% and 13.90%, respectively, of the post-offer paid-up equity share capital of the company. *Subject to finalization of basis of allotment #a discount of Rs. 22 per equity share was offered to eligible employees bidding in the employee reservation portion.